Sheryl's Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general...

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Sheryl's Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general and administrative expenses were $1,000, interest expenses were $500, and depreciation was $1,000. The firm's tax rate is 21%. What is the net income? $1,500 $790 $1,790 $1,000 Sheryl's Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general and administrative expenses were $1,000, interest expenses were $500, and depreciation was $1,000. The firm's tax rate is 21%. What is the net income? $1,500 $790 $1,790 $1,000